25907 Oak Street is a 23-unit multifamily investment property located in Lomita, CA. 25907 Oak Street consists exclusively of two-bedroom townhomes and offers desirable amenities including garage and surface parking, on-site laundry, private patios, and gated access. Additionally, the property presents an opportunity to add one accessory dwelling unit (ADU) to further increase rental income. 25907 Oak Street is within 1 mile of Rolling Hills Plaza, providing residents with convenient access to a plethora of retail, dining, and entertainment options. Additionally, the property is just over 1 mile from Ken Malloy Harbor Regional Park, one of the largest parks in all of Los Angeles County, which gives residents the opportunity to enjoy numerous outdoor activities. 25907 Oak Street benefits from its location 1.80 miles away from Los Angeles Harbor College, a major economic and housing driver for the area. Furthermore, Pacific Coast Highway and Western Avenue’s close proximity to the property allow residents easy access to employment hubs throughout the South Bay. The property’s ideal South Bay location surrounded by an abundance of recreational, entertainment, and retail amenities is a primary draw for potential renters. This overall demand for well-located rental units will be a key driver in the continued growth and success at 25907 Oak Street.
Property Sub Type:
Apartment
Property Attached:
No
Lot Area:
41,382 sq. ft.3,844.514 m2
Bathrooms:
-
(Full:-, Half:-)
Year built:
1964
(Age: 60)
General Listing Location:
Lomita, 121 - Lomita
County Or Parish:
Los Angeles
Common Interest:
Community Apartment
Gross Income:
$693,570
Gross Scheduled Income:
$668,760
Net Operating Income:
$442,865
Cap Rate %:
5.03
Rent Control:
No
Association Fee:
$0
Land Lease:
No
Electric Expense:
$6,910
Fuel Expense:
$6,910
Insurance Expense:
$20,000
Maintenance Expense:
$16,100
Taxes expense:
104401.0
Operating Expense:
$230,642
Other Expense:
$38,928
Professional Management Expense:
$23,573
Trash Expense:
$6,910
Water and Sewer Expense:
$6,910
Vacancy Allowance:
$20,063
Vacancy Allowance Rate:
$3
Tax Lot:
163
Cross Streets of Oak Street & Pacific Coast Highway